Article: Commercial Real Estate Definitions ? From A To M
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Commercial Real Estate Definitions ? From A To M
Commercial real estate is distinctly different from residential real estate. The terminology is very different and here is a list of new terms from A to M.
Commercial Terms
According to Value: The value of the property when computing property taxes.
Build to Suit: A customized design and build approach for a single tenant space usually resulting in a single occupant building which is then leased or sold to the tenant.
Certificate of Occupancy: Issued by a city building department and is a necessary requirement prior to moving into the space.
Common Area Maintenance: Typically an annual charge assessed to tenants based on their percentage of occupancy to pay for maintenance of parking lots, bathrooms and open areas.<...
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